IndianWeb2

Merger & Acquisition

In yet another strategic move, Jaipur Headquartered Girnar Software Pvt Ltd, which owns and operates India’s largest auto portals CarDekho.com, Gaadi.com, ZigWheels.com and BikeDekho.com has announced the acquisition of PowerDrift Studios Private Limited, popularly known as PowerDrift. PowerDrift is India’s largest YouTube channel for automotive...

One97 Communications, the parent company of Paytm, has today announced that it has acquired Bangalore-based Balance Technology Pvt. Ltd, which own and operates smart savings management app Balance.Tech, for an undisclosed amount. Post acquisition, Balance Tech's six-member team has joined Paytm's product design division and is working...

LeapFrog Investments ("LeapFrog"), the leading investor in companies that deliver healthcare and financial services for emerging consumers, has acquired a majority stake in Ascent Meditech, a Mumbai-based Consumer health tech company which own and operate market-leading Flamingo brand. The company’s products are currently sold to seven million customers, with...

After acquiring 77% stake in Flipkart in world's largest e-commerce acquisition to date, Walmart is proactively looking to acquire more tech startups in India in the product segment, reported Live Mint. Walmart Labs, which is the technology unit of the world’s largest retailer, is essentially looking for...

Swedish integrated caller ID service app company TrueCaller has acqui-hired Mumbai-based payment startup Chillr, touted as "WhatsApp for money", to strengthen its payments business in India. The financials of deal were remain undisclosed however. With this acquisition, TrueCaller will now roll out credit and other financial services to Indian users...

Bengaluru-based knowledge sharing platform Vocal, which was co-founded by Aprameya Radhakrishna, one of TaxiForSure's co-founders, has acqui-hired quizzing app startup StupidChat Technologies in an all-stock deal. StupidChat app, which calls itself Uber of anonymous social network, was founded in 2017 by Pramod K Maloo, Saheb Roy and Sourav Karmakar. The...

Hero Electronix, an emerging tech unit of Hero Group, has made its foray into the Internet-of-things (IoT) space with the acquisition of Gurgaon-based enterprise IoT startup Zenatix. The financials of the deal remain undisclosed however. As part of its fourth acquisition since its inception in 2015, Hero Electronix bought out...

Bengaluru-based bike taxi startup Rapido has acquired Hyderabad-headquartered motorcycle-sharing startup Getbike to enter the B2B segment, reported VCCircle. The financial details of the acquisition was not revealed. Founded in 2015 by Shravya Reddy, Getbike offers services to a number of clients from industries such as pharmaceuticals, food...

In one of the largest & marquee consolidations in the fitness industry in India, Cure.Fit and funds managed by Oaktree Capital Management (“Oaktree”) have agreed to merge Cult.fit of Cure.fit and Fitness First business. Oaktree is a majority shareholder of Fitness First India while Cultfit Healthcare Pvt Ltd ...
Quantiguous

German bank Deutsche Bank on Tuesday announced that it has acquired Quantiguous Solutions, a Mumbai-based fintech startup which offers API-based banking solutions, to strengthen its Global Transaction Banking franchise. Quantiguous was an early stage bootstrapped startup founded in 2014 by Akhilesh Kataria and Ajay Rana. Both the co-founders are ex-employees...

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